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UPS Signs Long Term Lease at Red Hook Waterfront
UPS agreed to a long term lease with Litex Group for about one million square feet of industrial space on the Red Hook waterfront. The parcels include the former Snapple plant sold by Estate Four to Litex, amid plans that shifted from a fashion hub to capital partners. Local fears focus on truck traffic while experts say UPS moves may replace existing Snapple trucking. barging cargo to Manhattan could improve traffic and environment, with NYC Economic Development Corporation involved in ferry service talks.
MENTIONED IN THIS ARTICLE
United Parcel Service
Litex Group
Red Hook
Snapple
Litex
Estate Four
Jim Tampakas
Manhattan
Bronx
Snapple Pier
NYC Economic Development Corporation